Tuition Carryover amounts

[Punjabi26]

Hello

I have around $20,000 in federal and provincial carryover amounts each. Can somebody please explain how this will be used ?

Thank you

 

[Naheulbeuck]

When you start earning income, you will get a credit for tuitions until you use the full balance. It will eliminate provincial and federal tax for a little while and get you a tax refund when you file your taxes (when you work, earn income and therefore start actually paying taxes).